West African Diamond sees full-scale pilot diamond, gold output in 4-6 wks
LONDON (Thomson Financial) - West African Diamonds PLC said it expects to commence full-scale diamond and gold production within the next four to six weeks, and that pilot gold production has now started on Plant 11, Koidu in Sierra Leone.
Contracts have already been arranged for the sale of both gold and diamonds once full-scale production starts, the company said in a statement, adding that it expects output to be about 0.4 gramme per tonne gold, worth 9 usd a tonne of ore and diamonds worth 3 usd a tonne of ore.
It also said it has recovered four large stones from the Bomboko alluvial deposit in Guinea, and intends to begin small-scale mining on Bomboko in early 2008.
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